About Offshore:
Offshore companies are permitted to open a bank account in the UAE, however, they cannot issue work visas or have a physical office within the country. Offshore licenses are typically used as holding companies and are mainly incorporated for operations in foreign countries with financial, legal and tax benefit purposes. Offshore companies under free zones such as JAFZA and RAKICC can own real estate in the UAE.
Other Advantages:
- Low startup cost
- Speedy incorporation process
- 100% tax-free
- 100% foreign ownership permitted
- No paid-up share capital or audit requirement
- Multiple bank accounts
UAE Offshore Locations
RAKICC
BVI
Cayman Islands
Mauritius
Process for offshore license
- Choose business activity
- Finalise company name
- Complete incorporation paperwork
- License issuance
- Open company bank account